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BTCUSD Daily Market Analysis November 4, 2024 by K9 Investments Trading


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 BTCUSD is currently trading at 69,119 USD


BTCUSD Intraday Signals by K9 Investments Trading

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  1. Buy Signal

    • Entry: 69,200 USD

    • Stop Loss: 68,700 USD

    • Take Profit 1: 69,700 USD

    • Take Profit 2: 70,200 USD

  2. Sell Signal

    • Entry: 69,000 USD

    • Stop Loss: 69,500 USD

    • Take Profit 1: 68,500 USD

    • Take Profit 2: 68,000 USD

Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital. Trade only with funds you can afford to lose. Ensure you fully understand the risks involved. Not Financial Advice. Use strict stop losses and proper risk management.


🔍 BTCUSD Market Analysis

Daily and 4-Hour TimeframesUsing a blend of technical indicators, let’s explore BTCUSD’s market behavior on daily and 4-hour charts. Here’s an in-depth look:

Support & Resistance Levels

  • Daily Support: 68,500 USD

  • Daily Resistance: 69,700 USD

  • 4-Hour Support: 68,700 USD

  • 4-Hour Resistance: 70,000 USD

Fibonacci Retracement Levels (Daily)

  • Swing High: 70,500 USD

  • Swing Low: 67,800 USD

  • Key Levels:

    • 38.2% Retracement: 69,118 USD

    • 50% Retracement: 69,150 USD

    • 61.8% Retracement: 69,380 USD

EMA Levels on Daily and 4-Hour Charts

  • Daily EMAs:

    • 50 EMA: 68,980 USD

    • 100 EMA: 68,700 USD

    • 200 EMA: 67,000 USD

    • 400 EMA: 66,500 USD

  • 4-Hour EMAs:

    • 50 EMA: 69,200 USD

    • 100 EMA: 69,100 USD

    • 200 EMA: 68,800 USD

    • 400 EMA: 68,200 USD

RSI Divergence

  • Daily RSI: 55, indicating a slight bullish momentum.

  • 4-Hour RSI: 50, signaling potential sideways movement.

Order Blocks and Market Sentiment

The presence of demand and supply zones around 68,500 USD (support) and 70,000 USD (resistance) suggests strong price reaction areas where significant buying or selling could occur.


MACD

On the daily chart, the MACD is currently crossing above the signal line, indicating a potential bullish continuation. However, the 4-hour chart shows a possible bearish crossover, suggesting caution for intraday traders.


💡BTCUSD Daily Analysis Summary by K9 Investments Trading

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BTCUSD

📊 Key Levels Summary

  • Daily & 4-Hour Support/Resistance:

    • Daily Support: 68,500 USD

    • Daily Resistance: 69,700 USD

    • 4-Hour Support: 68,700 USD

    • 4-Hour Resistance: 70,000 USD

  • EMAs on Daily Chart:

    • 50 EMA: 68,980 USD

    • 100 EMA: 68,700 USD

    • 200 EMA: 67,000 USD

    • 400 EMA: 66,500 USD

  • EMAs on 4-Hour Chart:

    • 50 EMA: 69,200 USD

    • 100 EMA: 69,100 USD

    • 200 EMA: 68,800 USD

    • 400 EMA: 68,200 USD

  • Weekly Pivots

    • Pivot Point: 69,100 USD

    • Support 1: 68,600 USD

    • Resistance 1: 69,600 USD

  • Daily Pivots

    • Pivot Point: 69,000 USD

    • Support 1: 68,700 USD

    • Resistance 1: 69,300 USD

  • Fibonacci Retracement Levels: Key levels include 38.2% at 69,118 USD, 50% at 69,150 USD, and 61.8% at 69,380 USD.


📈 Fundamental Analysis and USD News

Stay alert for upcoming USD economic data this week, including key reports like Non-Farm Payrolls and CPI data. Anticipated USD volatility could impact BTCUSD, especially as markets weigh these economic signals.


📑 FAQs

1.Why is K9 Investments the best signal provider?

K9 Investments provides FREE signals, educational resources, daily analysis, and free trading eBooks.


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Trusted brokers recommended by K9 Investments include


3.How does BTCUSD daily analysis help traders?

Daily analysis helps identify trends, key levels, and potential trade opportunities for informed decision-making.


4.What strategies does K9 Investments use in analysis?

Strategies include Fibonacci retracement, EMAs, and MACD to provide accurate analysis and profitable signals.


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The best crypto signals paid services often include providers like MyCryptoParadise, Signals Blue, and Crypto Alarm. These services offer premium analysis and real-time alerts for profitable crypto trades.


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